Bancorp (TBBK) Expected to Announce Earnings on Thursday

Bancorp (NASDAQ:TBBK) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Bancorp to post earnings of $1.15 per share and revenue of $97,900.00 billion for the quarter. Bancorp has set its FY 2024 guidance at 4.350-4.350 EPS and its FY 2025 guidance at 5.250-5.250 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The firm had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same period in the prior year, the business posted $0.92 EPS. On average, analysts expect Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bancorp Trading Down 0.1 %

TBBK stock opened at $55.84 on Wednesday. Bancorp has a 52 week low of $29.92 and a 52 week high of $61.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.88. The company’s 50-day simple moving average is $55.04 and its 200 day simple moving average is $52.16. The company has a market capitalization of $2.68 billion, a PE ratio of 14.10 and a beta of 1.49.

Insider Transactions at Bancorp

In related news, EVP Matthew J. Wallace sold 10,160 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total transaction of $508,609.60. Following the completion of the transaction, the executive vice president now directly owns 74,798 shares in the company, valued at $3,744,387.88. This represents a 11.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Maria Wainwright sold 11,357 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total transaction of $568,758.56. Following the completion of the sale, the chief marketing officer now owns 23,291 shares in the company, valued at $1,166,413.28. This represents a 32.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,983 shares of company stock valued at $1,345,366. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th.

About Bancorp

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.